Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Lion Street Advisors LLC

Lion Street Advisors LLC trimmed its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,329 shares of the industrial products company’s stock after selling 300 shares during the quarter. Lion Street Advisors LLC’s holdings in Ingersoll Rand were worth $392,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cetera Investment Advisers boosted its holdings in Ingersoll Rand by 5.5% in the 2nd quarter. Cetera Investment Advisers now owns 54,828 shares of the industrial products company’s stock worth $4,981,000 after buying an additional 2,835 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Ingersoll Rand in the second quarter worth approximately $1,038,000. Park Avenue Securities LLC increased its position in shares of Ingersoll Rand by 4.5% during the third quarter. Park Avenue Securities LLC now owns 4,152 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 180 shares in the last quarter. Czech National Bank raised its stake in Ingersoll Rand by 7.0% in the 3rd quarter. Czech National Bank now owns 82,194 shares of the industrial products company’s stock valued at $8,068,000 after purchasing an additional 5,357 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in Ingersoll Rand by 160.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 10,674 shares of the industrial products company’s stock valued at $1,048,000 after purchasing an additional 6,581 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $92.45 on Thursday. Ingersoll Rand Inc. has a one year low of $82.21 and a one year high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. The firm’s 50 day moving average price is $94.78 and its 200-day moving average price is $95.54. The firm has a market cap of $37.26 billion, a P/E ratio of 45.10, a P/E/G ratio of 3.72 and a beta of 1.43.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IR. Barclays reduced their target price on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group increased their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Robert W. Baird lowered their target price on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Stifel Nicolaus cut their price target on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Citigroup lowered their price objective on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.92.

About Ingersoll Rand

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.